Allium LAW Limited (07617921): administration
- Status
- Administration ended
- Administration began
- 2022-11-02
- Administrators
- Kevin Anthony Murphy, Adrian Charles Hyde
- Administrators' firm
- Begbies Traynor
- Formerly
- Thomas Simon Limited
- Incorporated
- 2011-04-28
- Location
- London
- Industry
- 69102 Solicitors
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- COVID-19
- Property / lease costs
- Sustained trading losses
From the administrators' statement
The information provided below has been prepared from that provided by the directors of the Company, as well as information contained within the Company’s accounts and at Companies House.
The Company traded as a full-service law firm located in the West End, primarily focused on the high value London property market (and ancillary service lines) and employed approximately 70 members of staff. The Company is authorised and regulated by the Solicitors Regulation Authority (“SRA”) with SRA ID 562710.
The Company was incorporated as Thomas Simon Limited. In 2019, the Company was acquired by Legal Holdings LLP as a regulated vehicle to acquire the business and assets of Child & Child Limited from the administrators of that company. The purchase of Child & Child was completed in June 2019, following which the Company changed its name to Allium Law Ltd. Initial funding for the transaction was provided by Sholdco Limited. This debt was refinanced (and increased) in late 2021 by Hartford Growth Fund Limited (“Hartford”). In the year ended 31 March 2020, the Company sustained a loss of £811,952 on a turnover of £7.482m.
Administrators' statement of proposals (2022-11-16) · Companies House register